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Chinese production of air conditioners, washing machines, refrigerators, and televisions by the country’s home appliance makers continued to increase during January-May, according to the latest data released by China’s National Bureau of Statistics (NBS), with that of air-conditioners still witnessing the sharpest growth among the four, rising by 11% year on year to reach 97.46 million units during the first five months.
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The volume of new ship orders received by China’s shipbuilders during the first five months of this year continued to decline given the global shipping market recession, plunging by 40% on year to 11.73 million dead weight tons (dwt), according to the latest release by the China Association of the National Shipbuilding Industry (CANSI) on June 19.
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China’s sales of excavators and other heavy equipment in May lost 2.2% on year or 33.5% on month to reach 18,897 units, their first decline this year, according to the latest survey of the China Construction Machinery Association (CCMA) released on June 13. Market insiders attributed the decline to a correction following the surge in sales seen over the past few months.
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Production and sales of automobiles in China declined further in May, with output plunging by 9.9% on month or 21.2% on year to reach 1.85 million units, according to the latest data from China Association of Automobile Manufacturers (CAAM) released on June 12.
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China’s domestic sales of heavy-duty trucks in the 14~100 tonnes class in May reached 109,000 units, lower by 4% on year or by 9.9% on month, according to the latest statistics released by Beijing-headquartered Commercial Vehicle World (CVWorld) on June 4. Over January-May, sales of heavy trucks totalled 553,400 units, down by a slight 1% on year.
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Production of automotive sheet among major steelworks members of the China Iron and Steel Association (CISA) declined in April, while home appliance sheet production grew strongly, according to the association’s latest data released on May 28.
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Chinese production of air conditioners, washing machines, refrigerators, and televisions by the country’s home appliance makers increased further during January-April, with output of air-conditioners growing the fastest among the four, rising by 12.5% year on year to reach 75.5 million units during the first four months, according to the latest data released by China’s National Bureau of Statistics (NBS) on May 17.
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Tough market conditions led the volume of new ship orders received by China’s shipbuilders during the first four months of this year to plunge by 47.3% on year to the equivalent of 9.49 million dead weight tons (dwt), according to the latest release by the China Association of the National Shipbuilding Industry (CANSI) on May 17.
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Production and sales of automobiles in China continued trending downward in April, with output plunging by 19.8% from March and sales by 21.4%, according to the latest data from China Association of Automobile Manufacturers (CAAM) released on May 13.
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China’s top machinery manufacturers posted surges in their profits in the first quarter of this year, confirming the market understanding that the domestic infrastructure projects and overseas projects under the country’s “Belt & Road Initiative” (BRI) have been benefiting these machinery suppliers.
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Sales of excavators and other heavy equipment in China continued trending upward in April, gaining 7% on year to reach 28,410 units, according to the latest survey of the China Construction Machinery Association (CCMA) released on May 9. However, the April result was some 35.8% lower than sales in March.
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China’s halving the shantytown development target to 2.85 million units for 2019 is dampening the sentiment of the country’s property market especially in smaller cities, even though it is unlikely to reduce the steel demand much in reality, Mysteel Global understood from various market sources on May 5.
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China’s April domestic sales of heavy-duty trucks ranging 14-100 tonnes ebbed from March’s record high, down 19% on month or 1% lower on year to 121,000 units, according to the latest statistics release by Beijing-headquartered Commercial Vehicle World (CVWorld) on May 5.
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All work on construction sites in Qingdao city’s Huangdao district has stopped as the port city in East China’s Shandong province prepares to celebrate the 70th anniversary of People’s Liberation Army Navy, Mysteel Global understands from the market on April 19.
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Production of air conditioners, washing machines, refrigerators, and televisions among Chinese home appliance makers increased over January-March, with output of air-conditioners witnessing a particularly significant rise, according to the latest data released by China’s National Bureau of Statistics (NBS) on April 18.
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China’s shipbuilding industry suffered a severe downturn in this year’s first quarter, with the new ship orders slumping by 70.4% on year to the equivalent of 4.59 million dead weight tons (dwt), according to the latest release by the China Association of the National Shipbuilding Industry (CANSI) on April 18.
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Work on construction sites in and around Qingdao in East China’s Shandong province is slowing as the city prepares to take centre-stage in large celebrations next week to mark the 70th anniversary of the establishment of the People's Liberation Army Navy involving military parades and naval exercises off Qingdao port.
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Production and sales of automobiles in China reversed up substantially month on month in March, with output rising by a huge 81.5% from February and sales by 70.1%, according to the latest data from China Association of Automobile Manufacturers (CAAM) released on April 12.
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Sales of construction equipment recorded by China’s 25 leading excavator makers totalled 44,278 units in March, up by a significant 15.7% on year, according to the latest statistics released by the China Construction Machinery Association (CCMA) on April 8.
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Stocks of finished vehicles awaiting sale across China remained high in March, with the Vehicle Inventory Alert Index at 55.3 last month, marking the fifteenth month in succession that stocks have been above the alert level, although the result was a notable 8.3 basis points lower than in February, the latest statistics from China Automobile Dealers Association (CADA) showed.
